News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

U.S. Stocks On Track for Monthly Gains

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The Dow Jones Industrial Average was on pace for a fresh record Monday, ending July on an upbeat note as strong corporate earnings helped put major U.S. indexes on track for monthly gains.

U.S. Freezes Assets of Venezuela's President

The U.S. has frozen the assets of Venezuelan President Nicolás Maduro, citing human rights abuses and calling a Sunday vote to give his administration the powers to redraft the constitution an illegitimate action.

Dollar's Fall Threatens Foreign Stock Markets

A surprise fall in the dollar is taking the fizz out of international stock markets and prompting investors to damp overseas expectations for the months ahead.

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Scaramucci Removed at Urging of New Chief Kelly

Anthony Scaramucci has been removed from his position as White House communications director, just 10 days after it was announced he would take it. He was ousted at the urging of the new Chief of Staff John Kelly.

Fed's Fischer Says Low Global Real Interest Rates Important to Economic Environment

Federal Reserve Vice Chairman Stanley Fischer warned that the low level of the so-called natural rate of interest "sends a powerful signal that the growth potential of the economy may be limited."

Pending Home Sales Rose 1.5% in June

The National Association of Realtors' pending home sales index, which tracks signings for purchases of previously owned homes, increased 1.5% from a month earlier to 110.2, the trade group said. Economists surveyed had expected sales to tick up 0.7% in June.

Regulator Won't Seek Delay of CFPB's Arbitration Rule

A top financial regulator installed by the Trump administration said he wouldn't seek to delay a new rule on arbitration agreements, skirting a showdown with another agency.

Oil Prices Settle Above $50

Oil prices turned higher late Monday afternoon to settle above $50 a barrel for the first time in more than two months.

Eurozone's Low Unemployment, Inflation Raise Questions for ECB

The eurozone's unemployment rate has fallen to its lowest level in more than eight years, but inflation is unchanged-highlighting the challenge at the heart of the European Central Bank's decision on dialing down its stimulus programs.

Chicago PMI Falls in July

A reading for business activity across the Midwest fell in July to its lowest level in three months, according to a report Monday. The Chicago Business Barometer, also known as the Chicago PMI, fell to 58.9 in July from 65.7 in June.

(END) Dow Jones Newswires

July 31, 2017 17:15 ET (21:15 GMT)